Vision or Panic? Crypto Update: #8

[This article was posted on Feb 5 this year. However, it is relevant (again) today.]

Yes crypto is in crash mode right now.

Here’s why I am not concerned.

1. I have not invested more than what I am prepared to lose. You shouldn’t either.

2. What we are seeing reflects a globe coming to grips with the biggest financial revolution since they plugged in the internet.

3. What we are seeing is the result of an entirely new generation of previous non-investors trying figure out how this thing works.

4. What we are seeing is a reminder that this thing is just getting started and that crypto is a long game.

What We Are Going To See

1. In the next week or two, after everyone has had a chance to go back to the white papers of their favorite crypto coin, people are going to remember why they bought into the crypto market in the first place, and prices are going to head back up.